Posted by JrWarren > 2024-07-26 19:18 | Report Abuse

Tony wants to speed up the combination of aviation business, what a good news =)

Posted by The_JQuestion > 2024-07-26 20:50 | Report Abuse

sslee talking like a newbie , trying real hard to look smart .. HAHA , answer his own nonsense all the time ... such person exist , what service u need more? airasia do IT ALL , value BLE , tony can do it !! turnaround after pn 17?? TONY !

Posted by StartOfTheBull > 2024-07-26 21:11 | Report Abuse

Ya, like a newbie getting answers from someone who can think flexibly.


Sslee

5,489 posts

Posted by Sslee > 9 hours ago | Report Abuse

With almost the same passagers carried and load factor as 1st quarter end 31/3/2024.
What make you think Q2 end 31/6/24 will be a good quarter when Q1 is a lose making quarter?


Anw412

114 posts

Posted by Anw412 > 8 hours ago | Report Abuse

favorable ticket price, savings on fuel cost, savings on maintenance cost, bigger revenue from teleport & ADE. i think this will improve the bottom line.

Posted by TradingFUN > 2024-07-26 22:07 | Report Abuse

He thought he was the most smarr guy that asked questions for other to think but he was the most dump guy here. He just wasting everyone time here to answer his nonsense questions.

Posted by TradingFUN > 2024-07-26 22:08 | Report Abuse

I positve with the move and already taken position. Waiting for the captain to lead us fly high high with loaded pocket

Posted by Sslee > 2024-07-26 22:09 | Report Abuse

Know what is the current lease liabilities and current trade & other payables in the Balance sheet of capA as at 31/03/2024?

Posted by Sslee > 2024-07-26 22:16 | Report Abuse

Do you think flexibly or critically before you make a decision?

Critical thinking is the analysis of available facts, evidence, observations, and arguments in order to form a judgement by the application of rational, skeptical, and unbiased analyses and evaluation.

Posted by Mabel > 2024-07-26 22:35 | Report Abuse

AirAsia’s Tony Fernandes wants Microsoft compensation for the CrowdStrike outage: ‘If I delay my flight, you would come after me for a refund’

The outage hit global airlines particularly hard, disrupting thousands of flights as staff scrambled to get systems back online. Some airlines, like US carrier Delta Air Lines, are still struggling...

Haha Our Captain so steady...

More goodies from Microsoft soon...hihihi

Posted by Anw412 > 2024-07-26 23:06 | Report Abuse

If u're worried about the lease payments then the lessor must be shitting in their pants rite now.. But somehow they keep giving additional new and used plane to Air Asia & X to fly.. Maybe capacity expansion is the best way for them to recover whatever owed to them.

Posted by StartOfTheBull > 2024-07-26 23:18 | Report Abuse

I believe everyone knows the risk involved in investment, including in Capital A.
When did SSLee post any positive comments about Capital A? As far as I know, none.

Posted by TradingFUN > 2024-07-27 05:28 | Report Abuse

@SS Lee. I already studied the financial report and restructuring plan in details.

Only you are the one didn't know what's happening and kept on asking dump questions.
You thought you have critical thinking ? You like those no knowledge that just want to show yourself like an expert. The mote you ask dump questions , it show how brainless you were.

Posted by TradingFUN > 2024-07-27 05:29 | Report Abuse

I think you not even know what is lease liability and how it was pat. Just keep on thrown your dump question on this. You don't feel shame one ?

Posted by Sslee > 2024-07-27 08:15 | Report Abuse

Am I right to say the going concern of capA is now at the mercy/pleasure of lessors?
What hope does capA has when lessors are squessing Stony' ball for all its worth/juice?

Posted by Sslee > 2024-07-27 08:18 | Report Abuse

By the.way auditor has answered below on lease liabilities:

Question 5: External Auditor what it means by included in lease liabilities are lease rental payables amounting to approximately RM 2,810 million?

Answer: This pertains to the outstanding amounts of lease rental due and payable owing to the lessors that remained unsettled as at 31 December 2023

Question 9: External Auditor, from Sales in advance: RM 2,025,298,000, Proceeds from borrowings: RM 1,273,030,000 yet the Group only managed payment of lease liabilities: RM 2,045,816,000 which is far off the amount of current lease liabilities reported at FYE 2022 RM 4,340,844,000. What happens to the unpaid FYE 2022 current lease liabilities?

Answer: For the due and payable lease payments for FY2022 and prior year, the amount is recorded within trade and other payables in FY2023

Posted by Sslee > 2024-07-27 08:37 | Report Abuse

The Group currently has approximately 30 lessors. As part of our restructuring exercise, AirAsia successfully restructured USD688 million of arrears by extending leases to 18 years. With this extension, AirAsia had received an average lease reduction of 9%.

Lessors sure love capA when planes grounded for almost more than 2 years lessors still get their lease payment with only 9% haircut unlike AAX big haircut of paying 0.5 sen for every Ringgit owed.

Posted by Anw412 > 2024-07-27 08:38 | Report Abuse

See they all recorded and nothing to hide..
If they want to do (ball squessing Tony's) then why wait and wait and wait and give more to him.. There must be something that they see and know that you dont, rite?

Posted by Sslee > 2024-07-27 08:50 | Report Abuse

The question why AAX can ball squessing lessors but capA can't and going to squeeze dry by lessors?

Posted by Anw412 > 2024-07-27 09:04 | Report Abuse

Because CapA's ball are so much bigger and got a lot of juice they dont need too squeeze it but just wait to get what they want.

Posted by Sslee > 2024-07-27 09:26 | Report Abuse

Anw412 is right whatever lessors want they will get it. The Revenue Bond program entails the conversion of outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1)

Question: External Auditors if FYE 2022 Management cash flow forecast is far off the mark as per actual achieved then as at 31 December 2023,
the group current liabilities exceed its current assets by RM12,699
million. Are Auditors satisfied and confident with management's cash
flow forecast for year 2024 that the group will not default on the net
current liabilities of RM12,699 million?

Answer:
We have assessed the reasonableness of the cash flow projection provided by the management (Note 2.1). The going concern of the Group is dependent on the following:
1. Successful implementation of a Revenue Bond program; and
2. Continuous support from Group's lessors

Posted by Anw412 > 2024-07-27 10:24 | Report Abuse

Seems both 1 & 2 is on track.. So there is chance of succesful turnaround. Thats the risk i'm willing to take..

Posted by AnthonyAng666 > 2024-07-27 11:59 | Report Abuse

Early disclosure 😃

https://newsroom.airasia.com/news/capital-a-2q2024-operating-results#gsc.tab=0

Posted by paulthesotong > 2024-07-27 16:30 | Report Abuse

Lower Oil Price, USD, n Cut in Interest Rate, Wishing Well for Airlines.

Posted by Pandu1 > 2024-07-28 17:29 | Report Abuse

KUALA LUMPUR (July 26): AirAsia X Bhd (KL:AAX) said on Friday it will be acquiring Capital A Bhd's (KL:CAPITALA) aviation business directly, and not via a new company (NewCo) under an internal reorganisation proposed previously, to expedite the takeover.

“The decision to abort the proposed internal reorganisation and to terminate the internal reorganisation agreement was arrived at after weighing potential benefits of the proposed internal reorganisation against time required for the implementation of the proposed internal reorganisation and more critically, the importance of an expedient completion of the proposed acquisitions to the AAX Group,” AAX said in a bourse filing.

On April 25, AAX announced that it would be taking over Capital A’s aviation business — under AirAsia Bhd (AAB) and AirAsia Aviation Group Ltd (AAAGL) — through an internal reorganisation involving the setting up of a NewCo that would take over AAX's listing status. The aviation group expected the proposals to be completed by the fourth quarter of 2024.

AAX had proposed to acquire the aviation business for RM6.8 billion. It planned to issue new shares worth RM3 billion — 2.31 billion shares at RM1.30 each — to acquire AAAGL. As for AAB, AAX proposed to acquire it for RM3.8 billion, to be satisfied by assuming RM3.8 billion of some RM3.83 billion worth of debt that Capital A owed AAB.

The deal values the entire equity interest in AAAGL at between RM2.7 billion and RM3.5 billion. AAAGL owns Thai AirAsia, Philippines AirAsia, Indonesia AirAsia and AirAsia Cambodia. As for AAB, which operates AirAsia Malaysia, the deal values its equity interest at between RM3.48 billion and RM4.37 billion.

In its filing on Friday, the medium-haul low-cost carrier said the group and NewCo have mutually terminated the internal reorganisation agreement. AAX will now replace NewCo under the deal.

AAX also said it now plans to grant Singapore-based Garynma Investments Pte Ltd, the vehicle of former AAX director Datuk Lim Kian Onn, the rights to subscribe to 12% of AAX's enlarged share base, immediately upon completion of the acquisitions. This is a reduction from the 15% proposed previously.

Shares in AAX ended nine sen or 6.16% higher at RM1.55 on Friday, valuing the group at RM692.96 million. Meanwhile, Capital A closed three sen or 3.70% higher at 84 sen, giving the group a market capitalisation of RM3.62 billion.

Read also:
AirAsia X to buy Capital A's aviation business for RM6.8b via share and debt deal

Edited ByS Kanagaraju
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Posted by Sslee > 2024-07-28 21:26 | Report Abuse

AAAGL did not owns Thai AirAsia and Indonesia AirAsia.

Question: Group effective holding 40.71% AAV listed in Thailand and effective holding 47.43% IAA listed in Indonesia. Both listedentities are governed by respective countries on listing andcapital requirement and Corporate Governance. AAV BOD had carried out a proper capital-raising andrestructuring plan that put Thai AirAsia on the right footing forgrowth.

BOD, any deadline for Indonesia listing IAA for a proper capital-raising and restructuring in order to reset its balance sheet and maintain its listing status?

Answer:Company has formulated strategic plans to address the financial and operational requirements of Indonesia AirAsia. However, at this juncture, we must await the completion of the aviation business disposal before we can proceed with any further actions.

Posted by Alex_Kho > 2024-07-29 10:00 | Report Abuse

looking forward to RM1

Posted by Bob3336 > 2024-07-29 11:16 | Report Abuse

Rm 1

Posted by Bob3336 > 2024-07-29 11:21 | Report Abuse

Why is it under investigation?

Posted by Bob3336 > 2024-07-29 12:08 | Report Abuse

2nd half better performance

Posted by Alex_Kho > 2024-07-29 12:15 | Report Abuse

https://klse.i3investor.com/web/blog/detail/financeforall/2024-07-29-story-h-155951727-Capital_A_Ready_for_Takeoff_Why_Now_is_the_Time_to_Invest

@sslee is going to bash me. lol.

i think the timing is good now. recovery of passanger, financials improving, restucturing plans in place and high chance of exiting PN17 status. Assuming they exit PN17 in the next couple of months (if not weeks) i'm hoping to see Cap A to go back to pre-covid price level @ 1.60ish. first target 1.20

Posted by Alex_Kho > 2024-07-29 12:16 | Report Abuse

for transparency, my average entry price is ~0.80

Posted by Sslee > 2024-07-29 13:56 | Report Abuse

Capital A’s financial performance is bouncing back:
Operating Cash Flow: In Q1 2024, the company generated MYR 789.22 million, showing strong recovery from the pandemic downturn​.

The Operating Cash Flow: In Q1 2024 MYR 789.22 million. So just enough to pay repayment of lease liabilities RM(726.42) million under cash flow from financing activities.

As at 31/3/2024 the current lease liabilities is RM 5,985,234,000

So Q2 what will be the repayment of lease liabilities RM XXX.XXX million under cash flow from financing activities?

Posted by paulthesotong > 2024-07-29 20:59 | Report Abuse

Why? U think the customers stop flying?

Posted by Sslee > 2024-07-29 21:19 | Report Abuse

The question will there be too many LCC airlines with capacity expansion chasing the same customers?

And how capA with billion in current lease liabilities RM 5,985,234,000 and current trade & other payables RM 4,023,726,000 compete with other LCC?

Posted by Mabel > 2024-07-29 22:59 | Report Abuse

Particulars of substantial Securities Holder
Name TAN SRI ANTHONY FRANCIS FERNANDES
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Share
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 07 Jun 2024
400,000
Acquired Direct Interest

Wah Uncle Tony bought 400,000 Capital A Shares

That show confidence

Posted by Balian de Ibelin > 2024-07-30 09:26 | Report Abuse

imminent bankruptcy

going back to RED

Posted by abidinaa > 2024-07-30 11:31 | Report Abuse

Then why r u here wasting ur time? nobody want to play with you?

Posted by Balian de Ibelin > 2024-07-30 12:22 | Report Abuse

You are welcome
Glad to be of help. 👍

Posted by raymondroy > 2024-07-30 13:27 | Report Abuse

@Sslee ..... i believe ur an ex accountant or current accountant?
1) You think too much like an accountant, and they say accountant does make a good businessman and vice versa, bekos accountants think too much about risks (as they shd) but one must understand only with risk comes rewards..... 2) if one does not like risk, then better to go invest in FD, but that beings aid risk has to be taken at calculated levels and needs monitoring and adjustments..... and
3) thats what business is all about .... even the lessors of AA are risk takers as well, they lend to AA in return of fulus, they could easily to Petronas Carigali to do their business but they still come to AA did you ask yourself why?
4) Well.... AA falls in a higher risk category and with higher risk comes higher returns ...... doesnt all these makes sense? of at least some of it?
5) ... yeah Balian - smart move, real professional... LOL
:-) happy hunting and cheers

Posted by Alex_Kho > 2024-07-30 13:59 | Report Abuse

@sslee, thanks for the feedback. In my view, Capital A doesn’t have a direct comparison within Malaysia, but when we look regionally, airlines like Lion Air, Scoot, and Cebu Pacific all have significant levels of lease liabilities.

It's worth noting that the airline industry is capital-intensive, and substantial lease liabilities are common among major players in the region. For example, Lion Air, Scoot, and Cebu Pacific have lease liabilities that are reflective of their fleet sizes and operational scales.

Your efforts to ensure good governance and transparency at Capital A are crucial. They help keep the company accountable and legitimate, which is essential for its long-term sustainability. However, my primary interest is to make capital gains from this stock.

Posted by Alex_Kho > 2024-07-30 14:00 | Report Abuse

@raymondroy, i think sslee is an financial auditor. lol.

Posted by Sslee > 2024-07-30 14:38 | Report Abuse

I am chemical engineer by profession. I took a short course accounting for non accountant to better my understanding on financial accounting.

I am eager to learn and jave no hestitation to ask and seek clarification if answers given is not clear to me.

Question 23: External Auditor, by acquiring the 60% PAA how many billions net liabilities was transferred from PAA to the Group and how many billion negative equity from Non-controlling interest was transferred to shareholders’ equity?

Answer: A total of approximately RM 2.3 billion has been transferred as a result of the acquisition

Question 25: Referring below link:
PART D – ACQUISITIONS AND DISPOSALS
https://www.bursamalaysia.com/sites/5bb54be15f36ca0af339077a/content_entry5ce3b50239fba2627b2864be/5ce3b5c439fba264f32eb401/files/MAIN_Chap10_COI_Ors__26May2023_.pdf?1685095256
External Auditor is acquisition of 60% PAA valuation percentage ratio below 5%, above 5% but below 25% or above 25% as defined by above Bursa Chapter 10: Transactions?

Answer: The valuation percentage ratio falls within the range of 2.24%, this aligns with the criteria outlined in Chapter 10: Transactions of the Bursa Malaysia Listing Requirements

Follow up clarification:
The Group paid USD16 million to acquire 60% PAA from JV local partner F&S Holdings, Inc and resulted in a total of approximately RM 2.3 billion net liabilities was transferred from PAA to the Group/negative equity from Non-controlling interest was transferred to shareholders’ equity and yet the transaction valuation percentage ratio falls within the range of 2.24%. External Auditor please kindly show the calculation how you get this 2.24% valuation ratio?

Question 21: BOD, previously the Group sold India AA to local JV partner and allowed Japan AA local JV partner to wind up Japan AA. What are the reasons the Group paid USD16 million to acquire 60% PAA (Red flagged by external auditor Isla Lipana on “material uncertainty” exists on its ability to continue as a going concern) from JV local partner F&S Holdings, Inc?

Answer: The acquisition of a majority stake in Philippines AirAsia aligns with our Group's strategic focus on the Asean market, where the Philippines has long been recognised as one of our core and strategic market that holds significant growth potential within the region. Despite the challenges highlighted by the external auditor, we firmly believe in the long-term viability of the Philippine aviation industry.

Rest assured, the decision to acquire PAA was made after careful consideration and thorough due diligence, taking into account both the opportunities and risks associated with the investment.

Additionally, post-acquisition, we have gained a 35% market share in the Philippines market. We are confident that the acquisition of PAA will continue to contribute positively to our Group's long-term growth and value creation for our shareholders.

Follow up clarification
RAMON ROYANDOYAN, Nikkei staff writer July 3, 2024 09:35 JST
MANILA -- Philippine budget airline Cebu Pacific is set to buy up to 152 Airbus jets for $24 billion to expand its fleet and meet recovering demand for flights.

BOD, how is PAA going to compete with the financially stronger and fast expanding Philippine budget airline Cebu Pacific and turnaround PAA?

I drop in a question on the online query box and that question answer was not in the AGM minutes: Will BOD kindly answer that question:

From Aetherium Acquisition Corp Form 10Q:
As of March 31 2024, there were 528,500 shares of class A common stock issued and outstanding, excluding 2,991,003 shares subject to redemption.
On May11, 2021, the sponsor purchased 2,875,000 founder shares (Class B common stock issued and outstanding) for an aggregate purchase price of USD 25,000.

Question: With such low numbers of class A and B shares issued and outstanding, is the merger with CAPI still feasible and possible?

Posted by raymondroy > 2024-07-30 14:50 | Report Abuse

@Alex_Kho .... that was my guess too ... financial auditor :-) and

@Sslee .... so u have like double degree now, chemical engineer and also accountant (accouting for non-accountants).... and I am happy for you, and based on the questions you ask.... i can easily say your proficiency is higher than most of the accountants (corporate finance accountants) out there.... as you seem to also have a fairly good understanding of IFRS (as you speak about lease etc).... im hoping you interpret some of these questions you have raised to the Board and their replies from a corporate finance perspective (leveling risks vs returns).... which will help investors here make informed decisions :-) happy hunting

Posted by The_JQuestion > 2024-07-30 15:43 | Report Abuse

ure a chemical guy not even fuel expert , USD expert or aviation expert
how many LCC in malaysia ? ONE. who is the biggest airline in malaysia ? Airasia and Airasia X. Only listed public aviation company in malaysia ? YES. whos it their CEO? tan sri tony fernandes , legend that can turn around two PN 17 companies and bring it to profitability , admired all around the world !!! only 0ne and only !!

Posted by abidinaa > 2024-07-30 16:05 | Report Abuse

Dont forget Sslee, every country in SEA also own Airasia and AAX. HiHI

Posted by Sslee > 2024-07-30 19:19 | Report Abuse

Is he trying to say a fuel expert , USD expert or aviation expert will know exactly what will be the fuel price, USD exchange rate, passangers carried trending for the next 1 to 5 years?

If such a guy exist he much be worth trillion.

Posted by Sslee > 2024-07-30 19:34 | Report Abuse

Stony sold AA India to JV partner, allowed AA Japan JV partner to wind up AA Japan and rescue AA Philippine by bought over 60% JV partner shares.

He forced AAX's creditors included flight canceled customers to accept payment of 0.1 sen for every Ringgit owed, capital reduction and 10 to 1 share consolidation.

He is about to bankrupt AAX by transfering AAAGL and AAB with total borrowing and lease liabilities amounting to RM 23,271,794,000 to AAX in the name of business turn around and getting CapA out of PN17.
May god blessed AAX and capA.

Posted by BLee > 2024-07-30 20:19 | Report Abuse

“If such a guy exist he much be worth trillion…He is about to bankrupt AAX by transfering AAAGL and AAB with total borrowing and lease liabilities amounting to RM 23,271,794,000 to AAX in the name of business turn around and getting CapA out of PN17.
May god blessed AAX and capA.”

He is holding Four Ace up his sleeve; i.e. clubs (♣), diamonds (♦), hearts (♥) and spades (♠). AAAA, not just Air Asia?? Something for Nothing!!

Posted by The_JQuestion > 2024-07-30 23:28 | Report Abuse

experts that dont know depreciating USD and Crude oil Drop.. Nobody expected it and aviation stocks are now the new hot cakes. Market is slow to react but dont be catching up when its too late :)
Indeed, hasting the process definitely has some ace up his sleeve, TRUST TONY . We will FLY , not everyone meant to fly anyways !
balian and ss should try subang flight ... or they love traveling far to take their flight. again is their choice .. degil mcm biasa rasa intenational

Posted by BLee > 2024-07-31 08:51 | Report Abuse

Trust is NOT a Choice. I have to Trust the Pilot when I am up in the AIR..the only my involvement with AA; just given my thought for this interesting discussion.

This could be one of his ‘Ace’, amending TnC (shifting goal post??):
“Item 3.1(ix): the approval of the shareholders of AAX being obtained at a court convened meeting for the AAX Proposed Internal Reorganisation;” Amended to “Item 3.1(ix) shall be removed in its entirety.”
“3.1(x)(a): MAVCOM with regards to the proposed change in shareholding of AAX;” Amended to “Item 3.1(x)(a) shall be removed in its entirety.”
Source: https://www.klsescreener.com/v2/announcements/view/7439013

I have read thousands of bidding/Proposal dossiers, luckily I don't need to understand these Amendments.
Will follow the next exciting Ace ‘move’; Happy Trading and TradeAtYourOwnRisk

Posted by AnthonyAng666 > 2024-07-31 16:11 | Report Abuse

Momentum has not come back yet ..